Daily News: September 11, 2013

DS-Concept Provides A/R Facility to Home Goods Distributor

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, provided a $3 million non-recourse international accounts receivable facility to a distributor of home goods.

DS-Concept was introduced by the company’s bank whose credit facility excluded foreign accounts receivable from their borrowing base.

“We’re happy to have a new partnership with the company’s bank while providing a solution for our client,” said Brandyn Prust, vice president of Sales. “DS-Concept’s global network allowed us to leverage our resources at the local level to efficiently support the financial and legal negotiations simultaneously in three time zones.”